Ontario Home Builders Association backs bold new housing plans in Ontario, Canadian Business Journal

TORONTO, ON, Oct. 25, 2022 (GLOBE NEWSWIRE) — The Ontario Home Builders Association (OHBA) supports the implementation of the Ontario government’s new once-in-a-generation housing scheme.of Build more houses, act faster Build new homes faster, lower housing costs, reduce bureaucracy, enable the construction of the 1.5 million new homes needed over the next decade, and ultimately increase supply and affordability to the state. back to

On average, 25% of the cost of a new home is made up of government fees, taxes and fees. This could increase the price of a typical single-family home by $250,000, more than half of which local governments add. Ontario housing approvals take longer than other North American jurisdictions. In some municipalities, it can take nearly three years to approve a new housing project, which costs the new homeowner an additional $50,000 to $100,000.

of Faster action to build more houses Addressing the underlying underlying problem of a housing shortage will help put Ontario back on track toward housing affordability. Encouraging local governments to meet legislated timelines for new home approvals, increasing transparency of local government fees and charges imposed on new homebuyers, and designating more land for growth By doing so, the state will take the bold action it needs to build more homes and give future Ontario families a better shot at their homeownership dream.

OHBA CEO Luca Bucci said, “The current housing supply and affordability crisis is a man-made problem created over the course of a decade and a half and will take time to fix. “It starts today with a new big, bold home plan in Ontario. Build more houses, act faster Greater accountability for local governments to enable construction of the housing supply the state needs, greater transparency in the funds raised behind new homes, limits fees to the economic conditions of the day, and moderate density. Remove obstacles to add. Simply put; the government has provided a regulatory framework that allows for the necessary changes.

The measures the province is taking will help keep Canada’s economic engine competitive and ensure more Ontarians have a better chance of finding a place to call home where they can live, work and play. will do

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For more information or to schedule an interview with OHBA, please contact Emma Maynard. [email protected] or 416-578-5800.

The Ontario Home Builders Association is the voice of Ontario’s homebuilding industry, representing 4,000 member companies organized into 27 local associations across the province. The homebuilding industry employs her more than 550,000 people across Ontario and contributes over $76 billion to Ontario’s economy. Our members have an important responsibility to build the housing supply that current Ontario residents rely on at every stage of life and to be the voice of future homebuyers who want to call our state home. is owed.

CBJ Newsmaker